The 2021 Government Work Report focuses on consolidating restorative growth and maintaining healthy economic and social development. The report sets a GDP target of 6.0% and requires the economy to operate within an appropriate range during the 14th Five-Year Plan period. The economic growth target for 2021 takes into account anticipated targets for economic growth, employment, and prices of goods and services. The report emphasizes the quality and efficiency of development and adheres to measures such as innovation-driven development, expanding domestic demand, deepening reform, and improving people's livelihood to promote sustainable, healthy, and green development of the economy. Macroeconomic policies should maintain continuity, stability, and sustainability, with no sharp change. Fiscal policies will be required for better quality, more efficiency, and improved sustainability. Prudent monetary policy will be required to be flexible, precise, and reasonably moderate with coexisting functions for reducing risk and promoting economic growth. Financial services to the real economy remain as the focus of monetary and financial policies.
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